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Sold for $1,160,000 on 12/17/24
  • Listing Provided by: 

    ALBERT LE DRE #01468313 909-256-7889,

    LE INVESTMENT GROUP

    $1,160,000

    926 Edgar Ave, Beaumont, CA 92223

    --beds
    --baths
    4,500sqft
    Multi Family
    Built in 1977
    -- sqft lot
    $1,159,700 Zestimate®
    $258/sqft
    $2,258 Estimated rent

    What's special

    Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of the property adds convenience for tenants and guests alike.

    Zillow last checked: 7 hours ago

    Listing updated: December 19, 2024 at 12:02pm

    Listing Provided by:

    ALBERT LE DRE #01468313 909-256-7889,

    LE INVESTMENT GROUP

    Bought with:

    Prashant Sampat, DRE #01916221

    Pacific Avenue Realty

    Source: CRMLS,MLS#: IV24171885MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • None
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,500
    • Total interior livable area: 4,500 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport
    • Carport spaces: 6
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.38 Acres
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 415262021
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Beaumont
    • Subdivision: Unknown

    Other

    Other facts
    • Listing terms: Submit
    Services availability
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    Estimated market value

    $1,159,700

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,159,700